With positive momentum growing among consumers, businesses and governments to tackle the climate emergency, going beyond sustainability to purpose is essential for rebuilding travel and tourism after the pandemic. It is vital to take a holistic view of the sector’s wide-ranging positive and negative impacts on local communities and the environment for sustainable transformation. With the volume tourism model no longer fit for purpose, destinations should look to become people-centric and climate...
Mar 25, 2021•22 min•Transcript available on Metacast The coronavirus pandemic accelerated digitalisation in the beauty and personal care market in many Sub-Saharan African countries. In South Africa in particular, many premium beauty brands created platforms for virtual assistants to guide consumers on their shopping journey. On some websites, consumers are able to try products out by uploading a picture and applying beauty products to it. Across all African countries, consumers are spending more on hygiene products, but there is also a growing in...
Mar 19, 2021•6 min•Transcript available on Metacast There are three major trends that Euromonitor International observed in the regions of North Africa and the emerging Middle East during the coronavirus pandemic. The first trend is stockpiling, where consumers hoarded basic staple foods such as pasta and rice as well as essential products. Secondly, we saw consumers trading down to lower priced brands from more premium ones. Finally, consumers switched from going to traditional stores to e-commerce out of necessity. E-commerce has historically b...
Mar 18, 2021•14 min•Transcript available on Metacast The coronavirus pandemic has brought both ghost kitchens and virtual restaurants into the forefront of the general public over the past year, but in the restaurant industry, these concepts have been growing over the last two years. Join Euromonitor International's Global Research Lead for Food and Beverage, Michael Schaefer, as he delves into the difference between ghost kitchens and virtual restaurants, explains how they align with third party delivery players, and looks forward to how the...
Mar 04, 2021•26 min•Transcript available on Metacast The Coronavirus pandemic has had a serious impact on the global luxury market. According to Euromonitor International’s latest research, the global luxury market has shrunk by 15 percent in current value terms in 2020. However, Asia Pacific has shown quick recovery, and is poised to have a strong rebound in 2021. To survive in this challenging environment, international luxury brands are increasingly focusing on engaging with affluent Asian consumers. In this podcast, Euromonitor discusses the d...
Feb 26, 2021•9 min•Transcript available on Metacast Euromonitor International’s Senior Research Analyst Alex Esposito interviews Cindy Bryant, Chief Business Officer at Demetrix about the world of cannabinoids beyond THC and CBD. Cindy explains Demetrix’s unique approach to using fermentation to produce cannabinoids and how this differs from predominant production methods. Alex and Cindy also delve into the potential of new cannabinoids other than THC and CBD, ways they can help consumers and how we’re only just beginning to understand the promis...
Feb 24, 2021•22 min•Transcript available on Metacast While Euromonitor's latest travel research data showed arrivals falling by 54.5% in 2020 compared to 2019, the industry is becoming more creative and innovative in trying to keep tourism alive while staying in touch with consumers. In the latest episode of the Travel Leaders Podcast Series, Jo Ann Reddy, Regional Division Manager at Euromonitor interviews three dynamic leaders in travel and tourism, Steven Ler, President of the National Association of Travel Agents in Singapore, Maria Antho...
Feb 18, 2021•33 min•Transcript available on Metacast Euromonitor International’s Cities Consultant, Fransua Vytautas Razvadauskas interviews Matthew Barrie, the UK country manager at Bolt about current industry trends in the shared mobility market. Matthew speaks about the regulatory and legal challenges that mobility companies face, the competitive nature of the shared mobility market and how the company seeks to deliver greater sustainability. Finally, Mathew shares some insights about the future direction of shared mobility and urban planning....
Feb 12, 2021•51 min•Transcript available on Metacast While COVID-19 has caused double-digit declines for most apparel and footwear categories, sportswear has fared better than most. Globally, sportswear is estimated at US$ 292 Billion, and is set to grow at a compound annual growth rate of 6% to 2025, while overall apparel and footwear is expected to see a CAGR of only 4%. The pandemic has caused a 15% decline in sportswear globally, however, as consumers grew acclimated to the lockdown, sportswear and casual styles benefitted immensely from e-com...
Jan 29, 2021•9 min•Transcript available on Metacast Vitamins and dietary supplements saw a high value growth in 2015-2020 due to an increased demand from consumers looking for products related to both immunity and general health. COVID-19 left the industry in a reactive state, with many categories and ingredients limited as consumers focused on the coronavirus. E-commerce doubled in value sales over 2015-2020, mainly due to consumers not wanting to visit stores during the pandemic. This is going to change the landscape of consumer health distribu...
Jan 25, 2021•14 min•Transcript available on Metacast In the latest edition of Travel Leaders Podcast, Caroline Bremner, Head of Travel Research speaks to Karen Simmonds, Founder of Travel Matters, a boutique travel company. Karen shares her inspiring story of how she started her business, now in its third decade, discussing the highs and lows. Karen discusses how authenticity and sustainability are part of their DNA, the importance of people and partnerships, and her hopes for COP26 to drive a green recovery. Finally, feel uplifted by Karen’s thre...
Jan 21, 2021•26 min•Transcript available on Metacast In South Africa, at the onset of the COVID-19 crisis, sales of beauty and personal care products that were deemed non-essential were banned both online and offline. Premium brands were one of the biggest losers, while personal hygiene products were resilient. As the pandemic continues, beauty and personal care products are still being bought in the country, but consumers are spending less on them. Although the beauty and personal care industry is on a recovery path in South Africa, it will take ...
Dec 25, 2020•9 min•Transcript available on Metacast Euromonitor International's Travel Industry Head Caroline Bremner speaks to Olivia Ruggles-Brise, Director at Greenview about their work in driving sustainable transformation for the world’s leading hospitality chains. Olivia discusses the importance of data and metrics to help deliver sustainability goals, where ESG reporting is increasingly called for by investors to aid transparency regarding corporate impacts. Finally, Olivia shares a helpful 4-point plan for how to start your sustainab...
Dec 22, 2020•30 min•Transcript available on Metacast In 2020, Australian consumer confidence remained low and incomes were devastated by the coronavirus pandemic. However, government stimulus packages helped Australian consumers - and some appliance segments grew as a result. Smaller appliances were boosted not only by lower unit prices, but also due to the fact that consumers spent more time at home. These trends also boosted the sales of food preparation appliances.
Dec 14, 2020•10 min•Transcript available on Metacast El COVID-19 continúa modificando los valores, prioridades y hábitos de compra de los consumidores globales y diversas tendencias se reflejan cada vez más en América Latina. Aproximadamente un tercio de los consumidores latinoamericanos hacen compras de alimentos y bebidas por medio de su smartphone habitualmente, de acuerdo con la encuesta al Consumidor Digital de Euromonitor, realizada entre marzo y abril de 2020. Por otro lado, el e-commerce, incluyendo el de comida empacada, ha crecido a tasa...
Dec 10, 2020•7 min•Transcript available on Metacast Nicotine pouches are made of microcrystalline cellulose and most importantly, are tobacco free. They contain added nicotine, the active stimulant in the tobacco leaf, and look much like gum that the consumer puts under their lip. The nicotine is then released into the bloodstream. Since vaping has been targeted by governments across the world, many in the industry believe nicotine pouches will become the next big product, especially because they neither contain tobacco or are a vaping product, l...
Dec 09, 2020•7 min•Transcript available on Metacast 2020 was a challenging year for the tobacco industry, with the onset of COVID-19, taxes on reduced-risk products, and the raising of the legal age of smoking from 18 to 21 in the US, signed in December of 2019. Increasing concerns on health and wellbeing associated with the coronavirus are likely to encourage governments to adopt new restrictions on tobacco use and expand smoke free areas to other public places. These restrictions are likely not just to impact combustible cigarettes, but reduced...
Dec 03, 2020•11 min•Transcript available on Metacast China will be the only major economy to grow in 2020, having suffered the economic effects of COVID-19 much earlier than many other countries. In fact, this recovery will benefit the global economy at large - for example, Germany's automotive industry is enjoying resurgent car sales in China. For the rest of the world, however, recovery is more complex. Euromonitor International tracks 48 countries as part of its Recovery Index, and all of these countries are expected to have recorded impro...
Dec 03, 2020•15 min•Transcript available on Metacast Southeast Asia is the next region to watch in sustainability growth, and there is a growing awareness of sustainability among consumers in the region. Governments in the area are pushing sustainability with environmentally friendly regulations, and companies are producing more environmentally sustainable products. One of the main challenges for companies, however, is the price point of sustainable products. Although consumers in the region care about sustainability, a large majority won't p...
Nov 27, 2020•10 min•Transcript available on Metacast Even with the impact of COVID-19, the Brazilian IPO market is seeing a high number of fashion players enter the market. IPOs can bring a more assertive strengthening for Brazilian companies, especially during the pandemic period when many important exporters are not achieving the markets overseas. This wave of IPOs can possibly support a fiercer competitive landscape where companies can gain more well-defined market positionings resulting in more interesting offers to final consumers.
Nov 27, 2020•7 min•Transcript available on Metacast We're eight months into the global pandemic and shopping habits have become one of the most disrupted aspects of consumers' lives. We're seeing shorter trips to the store, but larger baskets, less browsing and avoidance of large crowds and busy stores. Contact-free shopping solutions at checkouts, virtual fitting rooms and drive-up fulfillments are also surging. Finally, we’ve seen renewed interest in subscription or membership shopping models that automate the entire shopping pro...
Nov 26, 2020•21 min•Transcript available on Metacast COVID-19 has become a focusing agent for global immunity products, as consumers around the world look to support their overall health during the pandemic. Consumers in different areas are gravitating towards different ingredients. In Asia, consumers are buying products such as ginseng, reishi mushrooms and tulsi, where in the Americas consumers are buying products such as echinacea and elderberry. As we move into 2021, consumers will be looking to broaden their health goals with vitamins, diet a...
Nov 19, 2020•16 min•Transcript available on Metacast The Coronavirus has had a large impact on cities, with 90 percent of all cities analysed by Euromonitor recording negative real GDP growth in 2020. Depending on the severity and length of the pandemic, more businesses are likely to go bankrupt, people will have lower incomes and municipal governments will have their budgets cut - leading to more negative impact for cities around the world. With remote working becoming a new normal, many consumers question the cost-effectiveness of city life, how...
Nov 12, 2020•15 min•Transcript available on Metacast As of late October, Latin America has the largest number of active cases of the coronavirus in the world. The area is also seeing some of the worst economic impacts - according to Euromonitor’s estimates, updated in October 2020; Peru, Argentina and Mexico are seeing some of the biggest consequences in terms of yearly GDP variation in the region with projected declines of 13%, 12.5% and 10.5% for this year. Consumers have reorganized their priorities during this year and are being forced to read...
Nov 05, 2020•15 min•Transcript available on Metacast As the holiday season fast approaches, consumers will change the things they buy and the places they buy them from to adapt to the global pandemic. Consumers were shifting towards gifting experiences such as travel and live events, but since the coronavirus has put an indefinite hold on those things, consumers will opt to spend on material goods once again. COVID-19 care items such as hand sanitizers and face masks will make popular stocking stuffers. As far as some online retailers are concerne...
Oct 30, 2020•10 min•Transcript available on Metacast Coronavirus second waves, vaccine production and the upcoming US elections are all weighing in on global economic outlooks. Currently, China is the only major economy expected to have positive growth in 2020, but that recovery experience isn't expected to be replicated in other major economies. A safe vaccine is likely to be produced in the middle of 20201, but vaccinating most of the population in effected countries will take at least two to four quarters, and its expected that even in thi...
Oct 29, 2020•20 min•Transcript available on Metacast In this episode of Euromonitor's Travel Leaders podcast, Caroline Bremner speaks to Jake Haupert, Co-Founder of the Transformational Travel Council about his journey in establishing the organisation as an antidote to over-commoditisation in the industry. Jake discusses how transformative or regenerative tourism goes beyond sustainability to put consumers at the heart of the experience and encourages them to take a more active role. Finally, Jake shares his hopes that the pandemic will bring...
Oct 27, 2020•32 min•Transcript available on Metacast There is a growing divide what consumers are expecting from the travel industry post-pandemic and what the industry may actually be providing. Consumers are looking towards sustainable tourism and authentic experiences, but businesses are rolling back on their investment in sustainable products and services, widening the gap between expectation and reality. How can this gap be bridged?
Oct 22, 2020•21 min•Transcript available on Metacast COVID-19 has accelerated several trends in emerging markets, including digital payments and last-mile delivery services. Consumers in emerging markets were previously slow to adapt digital payments due to the prevalent use of cash as a primary source of payment. Most small vendors and independent stores don't take digital payments, citing high usage fees and a lack of trust. However, the pandemic is changing this mindset, and creating new opportunities for digital players. If digital servic...
Oct 01, 2020•13 min•Transcript available on Metacast Despite being negatively impacted by COVID-19, the fashion market in Hong Kong has shown resilience in the sportswear sector. Performance and outdoor sportswear performed especially well in spite of the pandemic, due to consumers in Hong Kong participating in more outdoor activities such as hiking and camping. Sustainable fashion has also been gaining traction in Hong Kong as consumers are reevaluating their shopping habits, turning to authenticated luxury consignment stores online....
Sep 25, 2020•7 min•Transcript available on Metacast 
